Risks of a Financial Windfall
Updated: January 7, 2009
Last week, 8 very lucky co-workers won $365 million dollars in the lottery. Winning the lottery can be a dream come true, but for many it turns into a nightmare. Here are some possible risks of a financial windfall and how to avoid them.
What are the risks coming into a financial windfall?
A million isn`t what it used to be.
You spend, spend, spend.
Can cause friction with friends and family.
Won`t buy you happiness.
How do you avoid these problems?
Don`t do a thing for 90 days.
Put together a team.
Put together a plan.
Spend some of it.
Once in a lifetime opportunity.
